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Technology Stocks : PROGRAMMER'S PARADISE (PROG)
PROG 0.146+6.5%Jun 13 5:00 PM EST
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To: Larry Brubaker who wrote (587)2/6/1999 11:42:00 AM
From: Larry Brubaker  Read Replies (2) of 2383
 
The case for why an internut WON'T buy out PROG.

There was an interesting article on page C-1 of Friday's Wall Street Journal about internuts buying other companies. The overall tone was quite similar to the discussion here. That is, the lofty market caps. of the internet give them currency to look for acquisitions.

There was also a discussion about why it may not make sense for an internut to buy a profitable company with a known business model. The reason it might not make sense is the ridiculous market caps. of the internuts are based on little more than hope. Buying a company with a proven track record and proven earnings could "crack" the valuation it is given as an internut. In other words, the fear would be that if BYND bought PROG, the market would then value BYND more like it values PROG, rather than how it currently values BYND.
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